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-changing ideas, like this: dozens of tax free zones across new yk state. move here. expand here. or start a new business here... and pay no tax for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your businessy can qualify at start-upny.com coach calls r a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. her. them. melissa: okay. so it is last trading day of the month. i want to show you the stock that moved most this month. it is up 50% in the month of february. this is for evident labs. this is on the back of that $25 billion deal with actavis. forrest labs giving a little back but biggest mover for the month. >>> to illinois where one state law maker is taking on google finding himself i
with reality. >> making smart spending cuts and closing tax loopholes that right now only benefit the well off and well connected. >> it is primary day in texas. >> in the last gubernatorial election, the latino turnout was make or break issue. >> the voices in south texas will be the voices if they engage. >> are you homephobic? >> i'm not homephobic, are you? >> if you had more gay friends you would not wear that tie? >>> we begin today with breaking news. today the tug of war over ukraine is intensifying with russia's president defending his intervention and u.s. upping the ante. here's president obama over an hour ago. take a listen. >> although russia has legitimate interests in what happens in neighboring state, that does not give it the right to use force as a means of exerting influence inside that state. >> doesn't have the right to use force and then we turn from d.c. to kiev where secretary of state john kerry made a symbolic stop in independence square where that revolution began and visited a shrine to the fallen and after that he blasted russia. >> it is diplomacy and respect for
prekindergarten education. it increases tax credits for the working poor and supports early childhood programs like head start to help offset those costs, the budget would end some tax breaks for the wealthy and raise taxes on tobacco. ending tax breaks for the wealthy. guess what the republicans think? speaker boehner said, quote, the president has offered perhaps his most irresponsible budget yet. and the gop's go-to budget guy, paul ryan? he called it, quote, yet another disappointment. you know what is actually a disappointment? congressman ryan's new report on poverty, which is nothing more than a justification to cut programs that helped the poor. >> we spent about $800 billion on nearly 100 programs for the poor on welfare programs. and it's getting worse. more people in poverty. the poverty rates at a generation high. and with these new programs has put in place like obamacare, what we're learning is more people will stay in the poverty trap. >> these programs don't put people in a trap. they help lift them up. but it's no surprise congressman ryan doesn't have his facts straight. some
," a capitol hill heavyweight tells nancy cordes about his new plan to revolutionize the tax code. >>> plus dr. david agus with the controversy over fertility treatment. does it go too far to stop birth defects? >>> we begin with this morning's "eye-opener," your world in 90 seconds. >> we saw the news that the storm was coming so we went down to the city yard to pick up sandbags. >> the west coast braces for a washout. southern californiaens loading up on supplies ahead two of pacific storms. >> many people worried about mudslides. >> water comes over, it looks like niagra falls. >> dropping temperatures from the midwest to the east, 20 to 30 degrees below normal. >> adding to the cold-weather problems, ice jams. >> you look at it and it's mass destruction. can't stop the ice. >> jan brewer won't say if she'll veto a controversial bill that allows arizona businesses to deny service to gays and lesbians. >> there's a lot of things we can bring into the state, and this just doesn't help at all in any of those. >> general motors links more deaths to a faulty ignition switch,
, there are talks about tax credits, there are talks about reducing the number on medicaid but allowing home to have vouchers so it depends on which alternative you're talking about. >> sure you'll talk much more about this later. jake tapper, many thanks. >> thank you. >>> other top stories we're following at 32 minutes past the hour, in arizona gay rights protesters say they will rally through the night as they call on the governor to veto a bill that is drawing national criticism. some lawmakers who voted for the bill proclaiming it protects religious rights. they are now seeking a veto citing new concerns over discrimination. >>> in the debate, yes, i heard all that but in the debate you hear arguments every day about this one is wrong, that one is wrong, and believed that kind of fit into my position that now when i look back on it, you know, they were right in what they were saying. i have friends in the democrat caucus that were warning me. but, you know, that was only the democratic caucus saying something, no one came to me before hand. >> so you actually believe looking at it now that it
proposed i.r.s. rules, limiting the political activities of certain tax-exempt groups. political leaders said this morning a vote of flood insurance will be put off until next week. it was supposed to be brought up tomorrow under suspension of the rules. live house coverage here on c-span. the speaker: the house will be in order. the prayer will be offered by our chaplain, father conroy. pray. n conroy: let us eternal god, through whom we see what we could be and what we can become, thank you for giving us another day. in these days, our nation is faced with pressing issues, constitutional, religious, and personal rights, and matters of great political importance. we thank you that so many americans have been challenged and risen to the exercise of their responsibilities as citizens to participate in the great debates of these days. grant wisdom, knowledge, and understanding to us all as we -- as well as an extra measure of charity. send your spirit upon the members of this people's house who walk through this valley under public scrutiny. ive them peace and solomonic prudence in their d
in tax revenue to the state. what do you say? legalize week nationwide for recreational use? yes or no? >> i would say no. there is a desire on the part of government illegalize it and anything compact and bring in some cash. stuart: $100 million. >> i would say no. it gives us amen, the availability for a -- particularly in colorado here in the placement of machines so government money can be used easily to buy marijuana in certain situations as we saw recently. that makes it easier. there's a transfer. if it were ten miles away. probably still happen. in terms of legalization i think not until we understand how to actually test it. we have seen accidents with vehicles involving marijuana up 300% in the last decade. i need to be convincee that that would be a great idea for the future and the children. stuart: it was great to have you on the show. ou have an opinion and express it well. thank you for appearing with us. >> an honor to be with you. you might pop in here again this week. stuart: don't make projections you are not able to fulfil. time is money. let's move this along. thre
tuesday morning. it increases tax credits for the working poor and expand early childhood education. the president also commented on russia's intervention in ukraine. this is about 15 minutes. 2>> good morning, everybody. i am here at powell elementary school and just had a chance to see some of the outstanding students here. i thought it was an appropriate setting for me to say a few words about the budget i sent to congress this morning because obviously the budget is not just about numbers. it's about our values. and it's about our future. and how well we are laying the groundwork for those young children that i was with a few moments ago to be able to succeed here in america. these kids may not be the most excited people in town on budget day, but it is designed with their generation and future generations in mind. in my state of the union address, i laid out an agenda to restore opportunity for all people, to uphold the principle that no matter who you are, no matter where you started, you can make it if you try, here in america. this opportunity agenda is built on four parts.
not include all of excise taxes or increasing people up to age of 26 on your policies it looks at one thing, i want to point-out, they are getting rid of age differential, if you are older your premiums may be a little bit lower, but if you are younger, your premiums are skyrocketing, if you are health you, you pay for those who are sicker and older, that is an entitlement society, that is where we're headed. you don't think that young workers have enough on their backs without paying for someone who has been smoking their career, 50% increase for smoking is allowed in premiums, where i sit in the doctor's was on the, you get every disease imaginable, someone who is young, is paying for someone's lung cancer that is coming from smoking. lou: i find incredible, we're inverting a model, it was if yo@ are healthy and young you would pay a lower premium but not in the neverland of obamacare. the healthy you are the younger you are the more you are going to be paying for those who are older, who need greater care. what sense does that make? i understand the incentive for government to do it, but it
in swiss bank accounts and held avoid tax. between 2001 and 2008 a band of credit suisse bankers, they boarded planes and headed en masse to the united states on tourist visas. once in america it was time to woo possible clients. trips to miami, golf tournaments and high society cocktail party was part of the course. it was here that "sports illustrated" magazines were used to hand over bank statements on the sly. page 39, bob, that's according to one client. it all sounds very "wolf on wall street." the report claims the bank opened swiss accounts for more than 22,000 u.s. customers with assets totaling some $12 billion. that is why the u.s. is annoyed. it wants the taxes the swiss banks helped americans to dodge. our correspondent imojen foulkes is following the story from geneva. >> reporter: i think some of the detail is causing raised eyebrows in switzerland. they have a reputation for being rather cautious and careful. this comes like something out of a spy novel or a hollywood movie. the fact is the swiss do know that their big banks, credit suisse and ubs, at that period
for joining us. appreciate it. >>> coming up next on "hannity." >> we reduced taxes and now people are more vulnerable. my job is to communicate to people the absolute imperative to use the public resources to maintain the safety net. >> all right, the filmmakers of that documentary had me yelling at the tv. they're going to be here to defend their movement. and we'll have much more strait ahead. straight ahead. captain obvious: i'm in a hotel. and a hotel is the perfect place to talk to you about hotels. all-you-can-eat is a hotel policy that allows you to eat all that you can. the hotel gym is short for gymnasium. the hotel pool is usually filled with water. and the best dot com for booking hotels, is hotels.com. it's on the internet, but you probably knew that. or maybe not, i don't really know you. bellman: welcome back, captain obvious. captain obvious: yes i am. all those words are spelled correctly. but we're not staying in the kitchen. just start the slow cooker, add meat and pour in campbell's slow oker sauce. by the time you get home, dinner is practically done. and absolutely del
u.s. tax evaders. we will talk credit suisse after the break. ♪ >> welcome back to "on the move ." i am manus cranny at bloomberg's european headquarters in london. these are the bloomberg top headlines. from being thene most attractive carry trade that in the emerging markets to the worst in the space of two months. as the central bank's efforts to weaken the currency caused volatility to search. the exchange rate tumbled the most since 2010 earlier this week. losing money for investors who borrowed dollars to buy the yuan. angela merkel is expected to call for a stronger european union during her visit to the u.k. today. the german chancellor arrives in london later. she will address both houses of parliament and have tea with her majesty, the queen. >> i think she is going to try to convince the u.k. to stay in europe. that there are more advantages to stay in than to get out. you can't really pick what you like and not take the rest. i think that is the main message. yatsenyuk won the support of ukraine protesters in kiev to the an interim cabinet and averted a fraud. he says law
cross in prince george's county. increases in property tax bills are nothing new in northern virginia. some homeowners say they don't mind. >> this and this is booming in parts of northern virginia, and recent tax exemptions are part of that. >> but there are higher taxes for business and homeowners, and his jeff goldberg explains, it could mean higher prices when you go out to deep. >> the good times often associated with the claritin section of arlington is currently being tested. >> it is crazy. other businesses here, he's seeing a dramatic increase in property taxes because assessments are skyrocketing. >> the property values may be high, but all of a sudden the taxes price yourself out of the marketplace. >> the jump and assessments for ase businesses is as much 100%, 200%, meaning thousands in taxes, which get passed on to customers. >> customers will only pay so much for coffee, bottom line. they could price us out of business. >> clarendon is a hotspot right now. is the ceo callinan of arlington county. she says the high demand for retail space means higher rent and higher ass
tax dollars will bail out the insurance industry, humana will get something like that $450 million. >> and tonight, next on "hannity." >> everybody in cleveland, all the minority got phone -- >> he gave you a phone? >> he gave us a phone. >> if you sign up, you got low income, you disability. >> all right, so this president and his handouts like obama and his handouts like obama phones are responsible for at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. so i got the new nokia lumia icon. it's got 1080p video, three times zoom, and a twenty-megapixel sensor. it's got the brightest display, so i can see what i'm shooting -- even outdoors, and 4 mics that capture incredible sound. plus, it has apps like vine -- and free cloud storage. my new lumia icon is so great, even our wipeouts look amazing. ♪ honestly, i want to see you be brave ♪ ♪ if you have a buness idea, we have a pe
: up so we're up early. up late. inking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. eand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your busins to go. up. find out if your business can qualify at start-upny.com >> why target us? why target us? the on going ballistic. ilda gladio announcing cut on three very successful charter schools. that has got our twitter followers talking. i believe that all parents deserve cool toys. paying off campaign contributors at the expense that it's odious. not the teachers unions or the mayor of new york city. liz macdonald is here. it's a hot topic. so what do you make of this? >> i come from a family of teachers. teachers in public schools. my mother and my grandmother. what she is saying is that children are crying, the parents are saying that they would rather homeschool their children now, those who are in charter schools and they are saying that if our kids are going to be taken out of the
for by making smart spending cuts and closing tax loopholes that right now only benefit the well-off and well-connected. i will give you an example. the tax system provides benefits to wealthy individuals who save, even after they have amassed multimillion dollar retirement accounts. by closing that loophole, we can help create jobs and grow the economy, and expand opportunity without adding a dime to the deficit. we know the country that wins the race for new technology will win the race for new jobs, so this creates 45 high-tech minute extra pounds where businesses and universities will partner to turn groundbreaking research into new industries and new jobs made in america. we know, and this is part of the reason we are here today, that education has to start at the earliest possible ages. it's budget expands access to the kind of high quality learning and other programs to give all our children the same opportunities the most wonderful children we just saw are getting right here at powell. all of that while not today's new jobs are going to require a four-year college degree, more and mor
that are in the papers this morning. here's the wall street journal. a column by dave camp. the tax code. you can read his proposal there. the congressman is the chairman of the house ways and means committee. the washington times today, hoping for a changed view of keystone xl. paul writes in his piece that -- we will be talking about the keystone. we will be joined by the senator from north dakota to talk about the keystone and other issues. we want to take you to an associated press report. obama health insurance at 4 million is the headline there. we will be talking about the rollout of the healthcare.gov with jonathan alter who wrote a recent piece on foreign affairs in our spotlight. , behind the called aca rollout. here's a piece in the washington times on bill clinton. his message for democrats. picture of him with a kentucky democrat in louisville yesterday. himes.e talking with jim the national finance chairman of the house democrats. we will be talking about the 2014 field coming up in about five minutes or so. have a bit of time left. go to doug in wake forest, north carolina on our line f
're hoping for 3% gdp growth this year. and any big spike in oil makes you think that's a tax on consumers and it's harder to get. the ten-year is helping, though. in terms of keeping the housing markets going below 2.7%. the euro stayed remarkably strong for europe. basically being on the front line for this situation here. we will, after hitting some new lows, stabilize. and then finally, fwoeld, i think, traded lower yesterday after having really a great quarter, at least two months. so it's down about $4 today at 1334. and china's leaders reaffirmed the growth target of 7.5% but signaled some concerns about reaching that target. eunice yoon joins us now. we're in a great big city this morning, eunice, tossing to you over there. we're feeling very -- i don't know. we're going to change the world. >> you are. i think that's how people here feel, as well. there were thousands of lawmakers that were gathering together in beijing to heir china's version of the state of the union. this is presented by the premier of the country and it's really the first time that investors got a chance to se
away from taxes, crime, whatever and went to suburbia. it followed them. they said, why are we spending three hours a day on the long island expressway? let's move back into these cities. so for me it's about people get displaced. where the black population of new york city has declined. the hispanic or puerto rican population of new york city has declined. and it's about having affordable housing so people, whoever they are, can live in new york city. and it's not just new york. d.c. used to be called chocolate city. chicago, they knocked down the cabrini green projects and now black people are stuck on the projects outside of chicago. >> sorry. isn't this something that has happened in every generation to all sorts of different groups? little italy in new york has gotten smaller as parts of chinatown have grown and other neighborhoods have grown. one an area that used to be predominantly jewish then changes over to another ethnic group. is it -- you don't see this as something -- >> no, but -- >> you think it's escalating? >> here's the difference, anderson. because those, they were m
early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com predibut, manufacturings a prettin the united states do. means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. >>> yesterday senate democrats brought forth a bill that would ban marketing e-cigs to teens. yeah, that's a concern. what's next? ban the marketing of mountain dew to the elderly? these idiots did this to protect the children, but perhaps they are really protecting the billions in tax dollars they get from real cigarettes. no tone co-in an e-cig. no smoke, it's vaporer, the same stuff b
their settlement agreements including the method of calculating the agreements and whether it is tax deductible and so on and the disclosure would be required up front at the time this is announced. now the fed doesn't have to wait for congress to do that, you could voluntarily adopt that public disclosure now. will you do that? >> i agree with you, it is important for us to disclose more and to disclose as much as we can. and we'll look at that very carefully and try to provide for mfgs. >> so in principal we're talking about more disclosure here. >> correct. >> i think this is really important because this is about accountability. we want to hold our financial institutions accountable but it means accountability for our regulatory -- >> i agree. >> and i want to follow up onp senator brown's question about too big to fail. you said we have made significant progress but much work remains to be done and i agree. but since the financial crisis in 2008, the five largest financial institutions are 38% larger than they were back then. so my question is, what evidence would you need to see before yo
. extend tax breaks for the poor and help students with loans and raise the minimum wage to 10 person $10 an hour. thanks for joining us. -- $10.10 an hour. >> thanks, melissa. melissa: what do you like about what you heard? >> most republicans and democrats agree the earned income tax credit actually works. i think that is positive. some of the ideas on infrastructure were way behind. we're hopelessly behind on infrastructure spending in this country. we'll have to do something there to make us more competitive globally and moving goods and services about the country. i think that is another plus. you also additional resources in there for nih and for disease research and prevention. i think those are all positives. melissa: it is hard to talk about infrastructure in a positive light though because we see crumbling roadways everywhere but we always have. we had the shovel-ready jobs supposedly ready to go and we don't see it changed. when you talk about spending evening more on it, how do we know this time it will go to the right place? >> you have to recognize that the some of the thing
is pushing to revamp the tax code. his plan would eliminate dozens of rates. >> i am not going to accept 2% growth as the new normal. i'm not going to accept a minimum wage economy and the fact we are not creating jobs. kids are living at home because they cannot get out on their own. we need to grow this economy and create jobs. one way is through progress tax reform. heat has taken a lot of for this proposal. the banks are fighting against the plan new tax on banks which is intended to offer it -- offset lower rates for individuals. >> i think it affects about six banks. look. they are going from a 35% rate to a 25% rate. in the financial sector, there are not a lot of provisions, loopholes to close because there are not many. they are getting a two minutes tax break. i think it is important there be a trade-off. >> new taxes are going to make it tough for camp to gain support from fellow republicans. the plan is nowhere near firstng law, but is the major reconstruction attempt since 1986. let's move on to the executive branch. president thursday launching a new initiative to provide gre
, bridges and trans take sit telephone the highway trust fund gets $35 billion a year from a federal tax in gasoline could run out of money in august because that's not enough to meet all the road and 90 minutes needs, to a avoid that, congress needs to authorize new funding before september. about you the president's four-career fran take proposal is more ambition herb which means it probably won't get through congress think we say that because the president got nowhere when he tried something even more ambushing us in 2011 establishing a bank that leverages private funds for transportation, water and energy. with an infrastructure bank the federal government would identify big projects in the public interest visit mon from the private sector and guarantee the loan it's a joint public private model used by many countries around the world but smacks too much of the socialism to many republicans in congress. in the meantime american continues to sufferer because i've lack of leadership on this issue you. a concept of a national infrastructure bank isn't new but pro* proposals to create on
taxes and rules and regulations. they are standing by loyal to achieve. a lesson for our president. it is time for no pain and no gain. got a message that is resonating with our big i? >> it's not resonating. it's one thing to give flowery speeches. at some point you must deliver. let's be honest. even people that are wholeheartedly behind obama -- [laughter] that is my man, right there. and you know, what i also like? i like that also he the guy that says i make mistakes. an occasional apology goes a long way in. >> you know, this crazy chris farley type, toronto was a great city and are a great deal of businesses to cut taxes, rules and regulations, in large part the investment macker that it has become, there are a lot of other factors as well. not the least of which is the depreciating canadian dollar. but this guy gets a lot of credit for giving people more of their money. >> to your point, it canada has had a resource driven economy. he says i want toronto to be more than that but in the future we can smooth out the ups and downs of the price of lumber goes down for any kind
in all areas. the premier this that some key areas administrative systems tax the financial sector role and ownership household registration and social welfare. the cats and plants to streamline government structures and the monkeys play a decisive role the talking footy in the world has been set at seven point five percent lower than last year's seven point seven percent. emily says the government will maintain a reasonable pace of gdp roles. well continuing to improve role econs deficiency and reduce negative side effects. many believe the continued joy for reform would mean slower but more sustainable long term role one key factor to that change will be held successfully china shipped from the investment and export field role was to increase domestic consumption the government is also determined to love the headline grabbing the issue of air pollution by introducing stricter emission controls. and there was a strong emphasis on goal in the premier's speech. we will fully implement the basic strategy of law based governments to act in accordance with the all in all our government work
the growth of tax-free housing loans are currently cover one hundred percent of housing expenses until they cover an average number of 95% of housing expenses, with a five percent out-of-pocket contribution. why comparison, the average was late 1990's. we will also no longer reimburse for renters insurance. over three years we will reduce by $1 billion the annual nowidies provided, which total $1.4 billion. we are not shutting down commissary's. all commissaries will still get .ree rent and pay no taxes they will be able to continue to provide good deals to service members and retirees. enlistedi am an person, what does that mean for me? at the end of the day? nothing. this is probably the most difficult part of the program going forward. they are talking about trying to redress paying benefits, but a lot of the analysis shows that -- thatgoing to be done this will be nearly impossible. no one in a year like this wants to be seen cutting benefits. secretary hagel is saying that we just need to reign things in, we will not cut pay for anyone. we are just going to reduce subsidies for gr
. the number two swiss bank will put up a bill for helping american clients evade taxes. now the son is asking what exactly to the justice department so long to clamp down. ,ady dougan, c -- brady dougan ceo of credit suisse will be testifying in washington. we want to go to berlin where our international correspondent hans nichols is. with this into perspective with us because the sec began investigating this last year and are now just getting around to holding a hearing. why the lag? beenll, they have compiling this report, this committee report. we spent a lot of time with brady dougan. every quarter we go down and interview him. the question really today, tom, you know that swiss bankers are the most sophisticated people in the world. ifeel like i blunder when just say hello to them. today we find out whether or not an americann is banker or a swiss banker because he has got a tough, tough challenge. the facts don't reconcile. we have heard from in this morning they are talking about a handful of employees did this. the committee report said 1800 employees. they will have to reconcile thes
syndrome, right now you don't have the same opportunities to save tax free for college or let's say open an ira as everyone else. hundreds of members of the national downs syndrome society came here to capitol hill today to fight for the same chances at a life. perhaps one of the most persuasive voices on capitol hill today, patty saylor. her 26-year-old son ethan died after an altercation with police at a frederick movie theater for not having a $12 ticket. she's a fighter for justice. today she fights for others with downs syndrome so they might have the life ethan will never have. >> ethan wanted the same life that his brother and sister had or were aspiring to. he wanted a wife. he wanted a car. >> reporter: but the way the tax law assists now ethan and others receiving government assistance can only save up $2,000 in a saving account, not enough for a car, wouldn't make a dent for college and not enough for an ira. chris val locallen and others -- chris van hollen and others are championing the able act. for that the national downs syndrome society gave him this award. >> we simply
that found at least $10 million in gold coins owe millions in taxes. >> their discovery was just made public, but we know the gold country couple found the coins last year. according to the tax code, people that find property that have been lost or abandoned have to pay on their loot. they may have to pay about half of it, about $5 million, in state or federal taxes. >> i would still take the $5 million left. >> yeah. >> things continue to develop, just in the past 5:00 there has been a marine warning issued off of the coast of san francisco. visibility reduced with heavy rain falling and even potential for a waterspout as we head through the next couple minutes with this particular storm, as you can see from our vantage point, off towards the coast. let's get right to it and show you what it looks like on the radar. it's not that impressive looking. just a few minutes ago there was a lot of red and purple. it is weakenning, but as it moves to the north, there is instability in the atmosphere. so the potential for strong hail, even some gusty winds, exist with this system as it moves north.
was running trillion dollar plus during the recession, but with the government started taking in more tax revenue and the deficit is the difference between what the government takes in and what it spends. many people confuse it with the debt which is what the government borrows to cover the deficit. an economic stock could be right around the corner. more on that coming up. and forget the fish that saved pittsburgh. we're going to tell you about the hockey arena that could save detroit. that and more as "real money" continues. >> the strength of the u.s. economy but the over all picture remains cloudy in part because of the weather. the biggest news was the revision to gross domestic product for the final three months of 2013. we'll learn more about that in a moment. but first, the contracts to buy homes edged up but less than economists expected, and is near a two-year low. as we reported the housing market has been hurt by this year's severe winter. we also learned that consumer sentiment rose slightly in february despite frigid temperatures and weak job growth in december and january.
income count a lot easy eefrment -- easier. they are going to take a modified growth to tax. they would use the income and that was it. it used to be easy. the national health program put out over a 60 page book on that. it's not as easy as it seems. but it certainly is easier than the traditional medi-cal. yes, it's going to take counseling individuals who are transitioning to understand how their income will now be counted. with their resource and assets, we call it a cliff because you go from not having any assets and resource limit to having an asset and resource limit of $2,000. there are certain things excluded like you can have one vehicle. the fact that you can only have $2,000 sitting in your bank account is a huge cliff when you didn't have that asset or resource. they will they would have to spend down in order to become eligible for traditional medi-cal. >> someone unlucky to be born maybe she's 6 4 this year has to learn two systems? >> yeah. exactly. it's very unfortunate. they will be transitioning so quickly and not able to take advantage of the new program for very lon
in the traditional sense of conservative political thought. it's about antigovernment, so we propose corporate tax reform, which we think we need anyway, and take the $150 billion into infrastructure. imagine in your states, you are not governors. you are the state chair. if you picked two infrastructure projects you thought were critical to your state, how many jobs, how many opportunities, how much infusion of capital and optimism occurs when that occurs? i don't want to hear people telling me anymore that we cannot get done now. everything i have ever done that i consider worthwhile from the crime bill to helping get this out of iraq, it took time. if we didn't start where we started, it would have never happened. it would have never occurred. there are so many important things to mention. it will happen. it is inevitable. the only question is how many people get hurt or how many people get left behind the longer it takes to get this done? my central message is i think we should not apologize for a single thing. we should lay out in each of the races in your county, city, state, congressional r
that because you're proposing cuts in benefits, tax breaks, eliminating, slowing down pay raises for some of those on military duty that you are in fact trying to balance the budget on the backs of these people who fought these wars. >> well, first of all, that's just not true. we're not making any recommendations on any retirement changes we're going to wait until the retirement commission was was impaneled if we need to do anything on retirement. this isn't just an arbitrary, unilateral approach to trying to slow the growth just to slow the growth. we've got to look at the long term commitments to our people. half of our budget today in the pentagon goes to pay compensation retirement and medical care. that will increase significantly. we're not cutting, we're proposing slowing growth in certain areas. tax cuts, we're not cutting anybody taxes. we're asking for specific considerations. in areas where we are slowly, eventually reducing the growth of pay increases. there will still be pay increases. other areas, we think these responsible, we don't think it breaks faith with our people. b
're up early. up late. thinking up game-changing eas, like this: doze of tax freeones across new york state. move here. expand here. or start a new business here... and pay no tax for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. nd out if your business can qualify at start-upny.com charles: stocks take a huge hit on ukraine and here's else we have got for you. the revolution app using ukraine and venezuela, we have the ceo. vladimir putin winning the global game of chess. talking to china before invading the ukraine. china, no one else? on that. and warmer destination on this cold, snowy day in much of the country. you're not alone. and we will tell you how a man's daughter cost $80,000 with an obnoxious facebook post. and jerry brown warns of the dangers of legalizing pot. go figure. "varney & company," here we come. ♪ charles: we've got to check the big board. selling falling apart, 224 points. ukraine is the big spread this morning. we had found some support for a moment but that is all gone. headlines conti
was spending on both a war and a great society without raising taxes. the fed was left to fight the resulting inflation alone. the nation's central bank, originally created to protect the banking system against panics, acquired more power to affect the economy than even it imagined at the outset. the federal reserve: does money matter? with the help of economic analyst richard gill, we'll explore that question on economics usa. i'm david schoumacher. coins, bills, checks-- our basic money supply. the amount of money and where it goes wiin the banking system has been the main concern of our nation's central bank. at the fed's headquarters here in washington, dc, closed deliberations are held by experts who continuously monitor our financial health and prescribe remedies. how did these experts prescribe a remedy that plunged us even deeper into the great depression? early in the 20th century, american banks operated with little regulation and great vulnerability. in 1907, that vulnerability became apparent when depositors lost confidence and demanded their money. the banks couldn't get short-te
formulas -- a tight ceiling on federal spending and a tax surcharge. and for the public... it bears the single word "win." schoumacher: participation in a special campaign. i will call upon every american schoumacher: participation in to join incampaign. this massive mobilization and stick with it until we do win as a nation and as a people. [ applause ] schoumacher: while government concentrated on fighting inflation, gnp continued to fall, unemployment continued to rise. why was it so difficult for the government to adapt to the signs of the developing recession? the first was the tremendous fear of inflation that was all over the country. it wasn't only in washington but all over the country, which really effectively paralyzed those arms of government policy that might fight recession. because those very same arms also tend to propel inflation. and so that was effectively eliminated by the fear of inflation. the second reason is that this unusual event -- the supply shock, the series of supply shocks that had happened in 1973 and into '74 -- was kind of a foreign event, and peopl
for expansion of tax credits for the middle class and working poor which the white house says is part of his state of the union pledge to boost economic opportunity for all americans. michelle joins us now from the white house. michelle, how do you think this plays out politically considering how gridlocked things are in washington right now? >> reporter: does this have a chance of passing, you're asking? in a word, and you may already know the answer, no. in presenting this budget proposal, president barack obama wants to address the most difficult issues americans face making living and paying for cost of living. working poor, working minimum wage and working full time. they don't have the tax credits workers with children do. obama wants to expand to workers without children, younger workers. this budget contains $60,000 billion worth. obama wants to help obama pay for child care, tax credits for people with young children, pay for education and save for retireme retirement. republicans have problems with it in specifics like closing tax loop hohole loopholes. some say this does nothing t
on supporting the middle class then reducing the budget deficit through higher taxes for the bench. he's apparently during the midterm congressional elections in november. obama is calling for more works projects such as repairing roads and railways. he also aims to boost employment by introducing more vocational training. his proposals include tax cuts for lower income people and better pre school education. spending is set to slightly exceed three point nine trillion dollars while revenue is expected to increase to more than three point three trillion dollars as an economic recovery boost tax income. obama says the budget deficit will decline to five hundred sixty four billion dollars the lowest level in his presidency. we go to the side of the road you squeeze the middle class or for going to continue to reduce the deficit is responsible for all taking steps to grow and strengthen the middle class. republican house speaker john bain are strongly criticized the draft he said it was the most irresponsible. he said it would only increase spending and borrowing expanded governments and
expand the earned income tax credit for low income workers. to raise revenue it would kill a carry from tax loophole, lowering taxes for private equity managers. it calls for a $56 billion increase in spending from this year. >> well, we are looking at some rain showers down the south, and we had beautiful weather across the north-east. what we are concerned about is the cold air that is filtering through canada, coming in through the northern planes. it will be a change for many people. what we are seeing is here there's a line of precip, and to the north of that line, that is where the cold air will be a problem. take minneapolis as an example of the the temperatures will go down. that's not factoring the windchill. monday 13 degrees, tuesday 6. later in the week we go down to two. as a high temperature, overnight lows at minus 7. factoring the windchill it's more like 15 degrees. across the north-west we see rain showers. they are tapering off tonight and this morning. as we go through the rest of the day we'll pick up more showers. we don't expect them to d too heavy. we expect bett
conservative groups that were seeking tax-exempt status to heighten scrutiny. delaying these groups' applications suggests an effort to chill the constitutional right of speech and association by groups that hold conservative views. the details that have emerged are trouble alarming. the i.r.s. has admitted that it deliberately targeted conservative groups' applications for tax-exempt status for extra review if they included such words as "tea party," "patriots," "912" in their names. or if they criticized how this country is being run. or if their purpose were to address government spending, government debt, taxes, or simply to make america a better place. incredible, mr. president. these inappropriate criteria stayed in place for more than 18 months and resulted in substantial delays in processing the applications of many different groups. in some cases, the applications remained outstanding for more than two years. the i.r.s. also sought to compel some of the targeted groups to divulge their membership lists. i.r.s. officials have subsequently admitted that there was absolutely n
. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find outf your business can qualify at start-upny.com will there's this kid. coach calls hea team pyer. she's kind of special. she makes the whole am better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach he's a great passer.. dependable. a winning team has to have one. mebody you can count on. somebody l like my dad. this is my dad. somebody like my mom. my grandfather. i'm very prod of him. her. them. iprise asked people a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. so ameriprise created the retirexclusive..ions. confidt retirement approach. now you and ur ameripise advisor can get the real answers you need. well, knowing gives u confidence. start b
-changing ideas, like this: dozens of tax free zones across new york state. mo here. expand here. or start a new buness here... and pay no taxes fo yrs. with new jobs, new opportunities d a new tax free plan. there's only one way for your business to go. up. find out if your businessy can qualify at start-upny.com neil: yesterday we discovered a story about how american airlines has quieted ended bereavement fares. flyers who need a last minute flight because of a family member's death now have to pay full price, the media is catching up to sorry "l.a. times" we broke the story first, you viewersa the home, this is network you watch to get it first, fewer soldiers, more labels, that sums up where financial priorities lie in washington these days, president moving back to roll troop levels to where they were before world war ii, yet celal kating millions, we super size spending on almost everything else. first on military matter, good thing in bad thing? >> remember ronald reagan. strategy of the peace through strength. so you have to say, one of the prime responsibilities of the federal governme
early. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand re. or start a new business here... and pay no taxes for 10 years. and a new tax free plan. new opportunities there's only one way for your business to go. up. find out if your busins can qualify at start-upny.com neil: we are gettingyou asng this. what is te deal. well, exactly. we have made a segment out of it. a lot of youust can't stop talking out it. your chance to get something off your chest about thehow, the guest, and me. e-mail us or send us a tweet. at the end of the show don'' eat surprised if you hear me responding to you that night. consider thess comments over whether i talk too much on the sh. i never heard you interrupt so much. we already have an o'reilly. so please don't interrupt every guest that you have. and finally th, i'm done with you until you learn to shut up. and at the end of the show i'm going to let you take over. meanwhile, do you need proof that terser plotting the next attack? their gambling online to wander e money they might use for the
: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com here in philadelphia you can access a philly cheesesteak anytime, day or night. just like you can access geico anytime, day or night. there is only one way to celebrate this unique similarity. witness the cheesesteak shuffle. ♪ cheesesteak, cheesesteak ♪ ♪ it's the cheesesteak shuffle! huh! ♪ ♪ every day, all day, cheesesteak, cheesesteak! ♪ ♪ every night, all night cheesesteak, cheesesteak! ♪ ♪ 9 a.m. cheesesteak! ♪ 2 p.m. cheesesteak! ♪ 4 a.m. cheesesteak! ♪ any time (ruh!) >>geico. fifteen minutes could save you fifteen percent or more on car insurance. "stubborn love" by the lumineers did you i did. email? so what did you think of the house? did you see the school ratings? oh, you're right. hey babe, i got to go. bye daddy! have a good day at school, ok? ...but w
you imagine saying vote for me? i want to raise your taxes and force the anti-corruption austerity budget. the russians know they fall in their lap. >> the signals that are sent to russia russian defense ministers saying rsia is now planning the permanent military presence outside russia's borders including vietnam, cuba, venezuela, ni caragua singapore and other countries and back in november secretary kerry said the monroe doctrine is dead. did he just waved the flag for russian expansionism? >> that is one of many that the administration has been waving. as clap to america the monroe doctrine is not popular and tell it is needed then they want to know where the united states is of central and south america are very worried about russian participation adventurism and a return of russian military shows that putin thinks he is achieving his objective to reestablish hegemony and he goes for world power status again. no doubt. lou: i don't know what status about obama of the secretary key suggested the united states s rejecting the monroe doctrine because it woul concern our neighbor
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